Clever Leaves Holdings Inc (CLVR)

[kahlua]

There has been extreme selling volume since the reverse split (daily volume by price chart says it all). Good old shady as hell Canaccord, CLVR’s sales agent for the at-the-market offering, has apparently tagged in the shorts/mm’s to dump into the bid with impunity and cover with the cheaper ATM shares. Until regulators step in and stick Canaccord and similar players with huge punitive fines, instead of tiny slap on wrist $100k fines, these games will never stop to the complete dismay of most retail investors. From the volume chart, I am estimating about 700K shares have been shorted or sold via the ATM since the share reversal. Let’s see where the stock trades once the dust settles and that should give us a clue of how much dilution is currently occurring. Based on my calculations using the latest cash position (7.8M) + estimated remaining Portugal assets to be sold ($1.5M) confirmed 2023 revenue and ebitda guidance and ongoing opex, I suspect they need another $3 - $4.5M to shore up all liquidity needs through Q2 2024. With that in mind, I am going way out on a limb and guessing we are going to see the share count go from 1.5M to 2.5 or even 3M in the near term, meaning significant dilution, which they were incapable of orchestrating prior to this r/s. Been watching this stock unravel since the ipo and unfortunately still holding some virtually worthless warrants.

[$oldier Hard]

$CLVR with a 39 mil float break .24 it can run. Watching for some volume.

[a false profit]

not surprised AT ALL ! I gave you a " unfollow " . only because the theory of the coveted reverse split maneuver doesn't make sense to you . that means you don't know what a reverse split is ! and , you're not really up to speed with where society is . I do understand that sometimes , the forest can be difficult to see because of those GD trees blocking the primary line of sight . you just highlit that sh@t ! THNX .

[SmellMyFinger]

Not a single thing you've said makes sense.

[a false profit]

absolutely ! it definitely won't cure the worst disease since aids which is the " woke " ideology . luckily , monkey pox is correcting some of that . https://www.cureyourowncancer.org/ prepare for the reverse split accordingly .

[SmellMyFinger]

Cannabis is not a panacea. Plenty of uncertainty surrounding its long-term effects.

[a false profit]

yes , so , the feds have known cannabis does indeed possess medicinal value since 1970 that cannabis is effective in cancer treatment and is known to kill cancer . as soon as every state legalizes recreational THEN the SAFE program will have to pass along with federal legalization . it's gonna be " a minute " lol . Maryland will be legal recreational effective as of 7-1-23 .

[SmellMyFinger]

Legislators seem pretty slow to, you know... legislate. They've been taking about marijuana for how long now, and still no progress?

[a false profit]

pack a lunch ............ or .... better yet , pack 5,000 lunches ! the politicians that promised what you desire well , don't work for you , or me . or , perhaps you weren't referring to the country that I am ( the U.S.S.A. ) . the reverse split is getting closer though .

[SmellMyFinger]

Still waiting on cannabis legislators?

[SmellMyFinger]

Fetterman.

[a false profit]

as far as I know a date has not been set . be patient , the price is dropping and the " not the season for the weed sector " has arrived .

[SmellMyFinger]

Is a date determined for a reverse/split? TIA.

[a false profit]

the recovery is facing a speed bump as tall as " the ice wall " featured in a television program called Game Of Thrones . reverse split ENGAGE . I sold my position to avoid the reverse split maneuver . I expect the share structure to be nanoscopic " post reverse split " . after that is complete I will look into a call options position with a expiration of around a year into the future ..

[SmellMyFinger]

When is this bad boy going to recover?

[a false profit]

https://mjbizdaily.com/canadian-cannabis-company-adastra-gets-permission-to-sell-cocaine/

[SmellMyFinger]

Haha! Drugs from Colombia. Classic. Typical movie plot.

[$oldier Hard]

$CLVR heavy volume hitting it now.

[a false profit]

https://cannintelligence.com/colombia-sees-explosion-in-medical-cannabis-exports-since-rules-changed/

[SmellMyFinger]

Yep. It's going to be a while.

[a false profit]

https://finance.yahoo.com/video/marijuana-legalization-least-three-plus-214915668.html

[SmellMyFinger]

Legislators have been moving as slow as molasses.

[Macroon]

https://www.kiplinger.com/investing/stocks/this-week-in-cannabis-investing-weed-legalization-in-germany-could-trigger-changes-across-europe

[Macroon]

US Senate aims to attach major marijuana legislation to end-of-year 'must-pass' bills.

https://www.foxbusiness.com/politics/senate-aims-attach-major-marijuana-legislation-end-year-must-pass-bills-report

[SmellMyFinger]

Facts.

[SmellMyFinger]

Legislators have been as slow as molasses.

[SmellMyFinger]

Whatever gets the votes, I guess.

[SmellMyFinger]

Ouch, that sucks.

[Macroon]

He’s not pro-week, he is vote buying

[Macroon]

https://www.marijuanamoment.net/congressional-lawmakers-seek-federal-banking-data-on-marijuana-business-ownership-to-promote-industry-equity/

[weedisgreen]

Not sure if as many people live in such a small box. Everyone knows about the decriminalization as his vp was even on late night tv pimping up their plan

[a false profit]

quite a few peeps aren't aware of what Bi Den did recently . all of a sudden he's turning pro weed . a last ditch effort for attracting votes for the BLMLGBTQXPUFAGERUS new world order movement . if he doesn't legalize the Satan's Lettuce in 2 weeks or less , the wind will be removed from his sails . IF that happens , IF being the key word , what do you think will happen to the share price for CLVR ? federally legal Satans Lettuce + CLVR = cha ching ! #thesatanslettuceberelevantlikeamuffuguh

[weedisgreen]

So looking around as the whole cannabis sector imo is going to start a different trend over the next few months. I do see a guy here left to curaleaf, and the stock is under 1 dollar which are a couple red flags to me...but..maybe not... I'm interested if anyone here knows if they filed for an extension to get above 1 dollar and/or how much time they have left to get the price above a dollar. I don't want to get caught up in a reverse split if that's what they are considering.

[kahlua]

This guy lacks all credibility. I’ve seen a few of his previous presentations and his due diligence is extremely sloppy probably due to him analyzing far too many companies.

If he did any homework on CLVR he would know that a path to profitability has not been forecast by the company. The cash burn rate is forcing significant ongoing dilution via the ATM shelf offering which he didn’t even mention. Share count was 42M at last count and I expect it to be at least 46M+ when they report Q3 results. Also, the short position is updated every 2 weeks on Nasdaq and is averaging roughly 1M shares. That’s not a lot of short fuel for a rally.

I do agree that if SAFE+ passes in the lame duck session CLVR could double to $1 but make no mistake, if that happens, the company will be dumping new shares into the market as fast as they can.

[a false profit]

fast forward to 14:00

[TheFinalCD]

Clever JOe https://www.msn.com/en-us/news/us/biden-pardoning-prior-federal-offenses-of-marijuana-possession/ar-AA12Gaeu

$CLVR

[Spuds McKenz66]

garbage stock , lost 14k , no big deal i guess made 3k today

[kahlua]

Germany has much bigger problems than pushed out cannabis legalization plans. A disastrous and self defeating 20 year long energy policy just blew up in their face. The next 2 winters will see severe hardships and my guess is civil unrest along with the ouster of anyone irrationally “green”.

[StockLogistics]

“Germany has slowed its plans to legalize cannabis this year, with some officials expressing concern that a hastily drafted reform measure will be rejected by European Union courts. Although the plan to legalize marijuana has not been scrapped, a government official said recently that lawmakers are proceeding with a “degree of caution about promises of a breakthrough” and have scaled back plans to achieve legalization by early next year.“

https://hightimes.com/news/weed-legalization-in-germany-hampered-by-eu-laws/amp/

[Spuds McKenz66]

losers CLVR

[StockLogistics]

October 4th next chart opportunity (6 month consolidation), makes sense with the election a month after that. Germany could announce something in October as well, so that timeframe for Cannibis stocks is key imo.

[a false profit]

https://www.marketwatch.com/story/these-cannabis-stocks-could-benefit-from-adult-use-cannabis-legalization-in-germany-11661174672?mod=mw_latestnews

[kahlua]

Yes Columbia is ironically proving to be the most level headed and progressive country in the world wrt its cannabis regulatory framework and legalization plans. They don’t ban imports like Canada or change their framework on a dime like Israel and are well on the path to a fully regulated de-stigmatized thriving homegrown industry. Arguably, CLVR has a leg up on new domestic players entering the market but the earnings results have yet to prove that out. So far CLVR has proven to run one of the most expensive farms on the planet with a minuscule lumpy cannabinoid revenue stream. I re-read the earnings transcript and I’m amazed by Pablo’s optimistic price target and overall outlook. This team comes across as complete amateurs. Every quarter the “show me” story gets kicked down the road further. Meanwhile, some form of momentum liquidity has come back into the sector with many stocks up 40 to 50% which apparently is an ideal time for scammacord to dump ATM shares by the block killing all trader momentum. Apparently $1 a share is a great price to dilute ad nauseam by these purported financial stewards of capital.

[a false profit]

https://www.marijuanamoment.net/colombias-new-president-talks-up-marijuana-legalization-freeing-prisoners-and-exporting-cannabis-to-other-countries/

[kahlua]

Q2 numbers are out and after reading through the sec filings and listening to the cc, I dumped my commons for a small loss and will just keep my significantly underwater warrants in the back drawer as a just in case this team finally start to earn real cannabis revenue one day and meaningfully decreases the enormous quarterly cash burn rate. Plus SAFE+ passage could light a speculative fire in the sector, so at least I’ll have the warrants to capitalize if that occurs.

It’s clear from the Q2 report that this company is learning hard lessons on the backs of investors and an inordinate amount of blown capital, (well over $60M just since despac)…with these ongoing inventory provisions, write offs, reorgs, optimization plans, right-sizing, and pivots, etc, etc. oh and let’s not forget how they’ve just recently brought Intercure in and magically the entire Columbian operation is sans harvest for the quarter! Reading between the lines, I think Intercure toured their facility in March, reviewed output, potency and genetics and took the CLVR team to school, said let’s pull out most of the plants and do it right. Management knew about the Columbian flower export decree last summer and they pivot in Q2 22? It just doesn’t add up and investors are not being given all the facts. Again.

Share structure continues to grow. The ATM offering was used post Q2 for another 2.8M shares sold at average price of $1.07. And they still have $23M left on the shelf offering. The shorts and algo gaming institutions clearly were “informed” by cannacord of the latest dilution because short interest almost doubled from July 15 to 30th after not really changing much for several months prior to this. The games these sharks play…and completely out in the open (flashing that big cocky smile to the toothless SEC).

That’s my rather cynical take after watching this one very closely for over 18 months and feeling quite the fool for buying Kyles original sales pitch.

[a false profit]

https://www.benzinga.com/markets/cannabis/22/08/28408458/gustavo-petro-took-office-in-colombia-what-is-the-cannabis-policy-of-the-first-leftist-president

[kahlua]

The ongoing hypocrisy of federal scheduling vs the state legalization rush and the griner outcry vs tens of thousands of imprisoned Americans for similar “offenses” certainly speaks to an untenable situation but the problem is with a very well-moneyed agenda supporting the stonewall, it’s anyones guess when the wall finally crumbles. Best case for 22 appears to be SAFE + which depending on what’s included could light a fire. Unfortunately, even if the US were to deschedule and open up interstate commerce (I’d guess MSO’s are secretly lobbying against that happening anytime soon), imports might still be blocked - look no further than Canada’s double standard legalization policy with local and export suppprt and imports blocked.

[a false profit]

either way someone is looking at this . the LGBTQZMGXWJF WNBA player/cannabis consumer/Russian prisoner/Brittney Griner is bringing much attention to the social status of the sacred herb . If the Lance Armstrong wannabe ( Joe Biden ) see's Griner as absolutely innocent , then shouldn't ALL adults receive the same status with THC possession in the constitutional republic he took an oath to completely destroy ? WHEN the hammer of federal legalization drops , this one could bounce into and or above the $ 20.00 mark .

[kahlua]

Analyst initiates coverage just a week prior to earnings - I don’t recall ever seeing that before. I’d imagine he must have gotten a positive off-line update from Andres recently to put this out. The company has made some commercial strides recently in Germany and Israel but still there are a lot of unanswered questions with such an enormous cash burn rate. $27M in additional ATM issuance ideally offered in the $2.50 to $3.50 zone should theoretically shore up cash needs through Q3 23 while retaining a respectable share structure.

[a false profit]

https://www.benzinga.com/markets/cannabis/22/08/28290839/cantor-initiates-this-cannabis-player-with-almost-390-upside-citing-overseas-exposure?utm_campaign=partner_feed&utm_source=MarketWatch&utm_medium=partner_feed&utm_content=site&mod=mw_quote_news